Tamilnad Mercantile Bank Upgrades Technology After Rs 9,000 Crore Erroneous Transfer
In September 2023, Tamilnad Mercantile Bank mistakenly credited Rs 9,000 crore to an auto-rickshaw driver's account due to a manual error involving an extra digit in account numbers during file upload to the National Automated Clearing House. The transaction was reversed within half an hour. Since then, the bank has upgraded its technology, eliminating manual processing between clearing houses and its core banking system, implementing real-time transaction monitoring and fraud detection to prevent similar incidents.
First-hand measurement across 3 sources
We measured how 3 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (59/100). Lens Score 48/100.
Outlets measured: moneycontrol, moneycontrol, moneycontrol. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (55–65/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
moneycontrol broke this story on 19 Aug, 03:36 am. Other outlets followed.